Forex Trend Analysis Report
Prepared for you on Friday, October 30, 2020.
Malagasy Ariary/Euro (FOREX:MGAEUR)
Bear Market Rally (-75) - MGAEUR is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on MGAEUR as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid MGAEUR?
MarketClub looks at technical strength and momentum to determine if the timing is right for MGAEUR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MGAEUR
The long-term trend has been DOWN since Jun 22nd, 2020 at 0.00023111
The intermediate-term trend has been DOWN since Jun 22nd, 2020 at 0.00023111
The short-term trend has been UP since Oct 30th, 2020 at 0.00021613
Smart Scan Analysis for MGAEUR
Based on our trend formula, MGAEUR is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).